Negative Growth and Pension cuts... A Future Where Birth Rates Fall Below 700,000

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The Ministry of Health, Labor and Welfare will soon announce the number of births and total fertility rate for Japanese people in 2024. The cumulative number of births from January to November 2024 is likely to be around 626,000, falling below 700,000 for the whole year for the first time. This casts doubt on the "medium" birth scenario that was the premise of projections for population, economic growth and social security, and makes a "low" fut…